Sarawak and Vietnam cooperation on furniture
KTS Holdings and Pusaka Timber Industries (PTISB), both from Sarawak, signed memorandums of understanding with Sudima Panels and Wilsons Hill Vietnam to collaborate on furniture manufacturing. The Sarawak companies have recognised the success Vietnam has achieved in utilising acacia to produce furniture. Currently, Sarawak’s export of furniture is negligible, contributing less than 5% of total export earnings by the timber sector. Sarawak has plans to establish one million hectares of industrial forest by 2020. As of December 2017, 400,000 hectares have been planted, mostly with acacia.